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Gold Pullback Now Equals 1976 Pullback

Pull Back

Time to review gold. Central bank protection is on sale at a discount!

With a long term channel we can see a good match been now and 1976.

Will the FED interest rate hike signal the bottom of gold!

Gold ETF 1973-2015 Weekly Chart
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And momentum needs to change!

Gold ETF 1997-2015 Weekly Chart
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. There is a definite relation between TIME and PRICE. Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them. The most money is made when fast moves and extreme fluctuations occur at the end of major cycles." ~ William D Gann

"The stock market is filled with individuals who know the price of everything, but the value of nothing." ~ Philip Fisher

"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs." ~ George Soros

"It's not what you own that will send you bust but what you owe." ~ Anon

"Money couldn't buy friends, but you got a better class of enemy." ~ Spike Milligan

 

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